by Newsbreak Producer, Hoosen Ebrahim - South Africa is seeing a sharp rise in scams where ordinary people are tricked into letting criminals use their bank accounts to move money. The National Financial Ombud Scheme warns that what seems like quick cash can lead to frozen accounts, fraud listings, and long-term financial exclusion. In 2025 alone, thousands of cases were reported, with a growing number of consumers locked out of the financial system. Authorities are urging the public to think twice before giving anyone access to their bank details. Lead Ombud for Banking and Credit at the National Financial Ombud Scheme SA, Nerosha Maseti explains the seriousness of the situation..

 

by Newsbreak Producer, Hoosen Ebrahim - South Africa is seeing a sharp rise in scams where ordinary people are tricked into letting criminals use their bank accounts to move money. The National Financial Ombud Scheme warns that what seems like quick cash can lead to frozen accounts, fraud listings, and long-term financial exclusion. In 2025 alone, thousands of cases were reported, with a growing number of consumers locked out of the financial system. Authorities are urging the public to think twice before giving anyone access to their bank details. Lead Ombud for Banking and Credit at the National Financial Ombud Scheme SA, Nerosha Maseti explains the seriousness of the situation..
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Award-winning Current Affairs programme and News talk show. Brought to you by SABC News.